Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0216%/8h= −23.6% APRpaid last 24h −0.059%

Price spread now: ApeX Omni against Bybit−0.086%69s7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1061.058% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.086%, 7d avg −0.078%

Together, before fees+0.008%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.078%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.059% in total (about -3.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SAHARAUSDT	0.009338	0.0316	pay 0.0158% / 4h	3h 16m	$1.9M	$1.4M	20x
Short	ApeX Omni SAHARAUSDT	0.009330	0.0100	get 0.0013% / 1h	16m 20s	$16K	$259K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee ApeX OmnibpOrdersPrice spread, now −0.086%Rate

Funding earned: −$45.27
Price spread: −0.086% → −0.078%: −$0.79
Slippage, 4 orders: −$84.79
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$151.86
Costs to cover: 1.058%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; ApeX Omni: live order book, 35 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 5 min ago	3.21 bp	23.9 bp −$24	149.3 bp −$1,493	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 35 min ago	10.64 bp	30.2 bp −$30	doesn't fit	doesn't fit	doesn't fit

SAHARA on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SAHARAUSDT	+0.0100%	4h	0.009335	−0.032%	$4.5M	$4.9M	25x	as long as short
Gate SAHARA_USDT	+0.0100%	8h	0.009330	−0.086%	$191K	$57K	25x	as long as short
MEXC SAHARA_USDT	+0.0100%	4h	0.009334	−0.043%	$1.5M	$238K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009330	−0.086%	$273K	$52K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009345	+0.080%	$137K	$2.9M	10x	as long as short
ApeX Omni SAHARAUSDTshort	+0.0100%	1h	0.009330	−0.086%	$16K	$259K	50x
Extended SAHARA-USD	+0.0104%	1h	0.009332	−0.060%	$1K	$278K	5x	as long as short
Bybit SAHARAUSDTlong	+0.0316%	4h	0.009338	long leg	$1.9M	$1.4M	20x
OKX SAHARA-USDT-SWAP	+0.0340%	4h	0.009340	+0.021%	$987K	$1.1M	20x	as long as short
Aster SAHARAUSDT	+0.0645%	4h	0.009341	+0.031%	$61K	$18K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SAHARA	+0.0866%	4h	0.009354	+0.175%	$22K	$12K	—	as long as short
BingX SAHARA-USDT	+0.0878%	4h	0.009337	−0.011%	—	$2.3M	—	as long as short
Bitget SAHARAUSDT	+0.0926%	4h	0.009350	+0.129%	$1.2M	$398K	25x	as long as short